BTC/USDT – 30M – SELLThe combination Bitcoin/Tether (BTC/USDT) goes from the ascending trendline down.
A descending movement downwards to the next support line at 69205.91 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 70800.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Tweezers Top’ candlestick pattern is existing. The candles form ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 71777 |
| 2nd High | 71321 |
| Next High | 70800.000000000 |
| Current Price | 70063.650000000 |
| Next Low | 69205.91 |
| 2nd Low | 68977.91 |
| 3rd Low | 65618.49 |
70800.000000000 – 71321 – 70281.87 – 69205.91 – 68977.91 – 69452.42 —
70800.000000000 – 70430.810000000 —
61.021021720913 – 55.560360820907 —
70800.000000000 – 1773315000 —
– 1773315000
Trading Signals: CRYPTO – BTC – BTC/USDT – USDT – Tweezers Top – – –